V-Marc India Ltd
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
- Market Cap ₹ 1,525 Cr.
- Current Price ₹ 624
- High / Low ₹ 630 / 200
- Stock P/E 24.9
- Book Value ₹ 92.5
- Dividend Yield 0.00 %
- ROCE 26.4 %
- ROE 24.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 48.9% CAGR over last 5 years
- Company's median sales growth is 37.1% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged or encumbered 43.2% of their holding.
- Promoter holding has decreased over last 3 years: -5.09%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Cables - Electricals
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 13m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 71 | 107 | 129 | 170 | 172 | 179 | 245 | 560 | 896 | 1,251 | |
| 5 | 66 | 101 | 121 | 156 | 157 | 163 | 219 | 494 | 798 | 1,110 | |
| Operating Profit | 0 | 5 | 6 | 8 | 14 | 15 | 15 | 26 | 66 | 98 | 141 |
| OPM % | 5% | 8% | 6% | 6% | 8% | 9% | 9% | 11% | 12% | 11% | 11% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 2 | |
| Interest | 0 | 2 | 2 | 3 | 6 | 6 | 7 | 12 | 22 | 31 | 37 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 9 | 18 | 23 |
| Profit before tax | 0 | 2 | 3 | 4 | 7 | 8 | 6 | 14 | 36 | 50 | 83 |
| Tax % | 50% | 23% | 25% | 28% | 28% | 27% | 23% | 23% | 26% | 27% | |
| 0 | 2 | 2 | 3 | 5 | 6 | 5 | 10 | 27 | 36 | 61 | |
| EPS in Rs | 0.03 | 1.11 | 1.73 | 2.12 | 3.09 | 3.45 | 2.19 | 4.59 | 11.78 | 14.78 | 25.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 39% |
| 3 Years: | 71% |
| TTM: | 70% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 49% |
| 3 Years: | 93% |
| TTM: | 87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 151% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 23% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 14 | 14 | 14 | 16 | 17 | 23 | 23 | 23 | 24 | 24 |
| Reserves | 0 | 2 | 4 | 7 | 19 | 25 | 47 | 57 | 84 | 165 | 201 |
| 16 | 17 | 16 | 29 | 45 | 49 | 57 | 76 | 140 | 175 | 243 | |
| 18 | 12 | 12 | 20 | 51 | 40 | 66 | 91 | 198 | 281 | 342 | |
| Total Liabilities | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 445 | 646 | 810 |
| 7 | 6 | 6 | 7 | 10 | 20 | 18 | 55 | 97 | 139 | 151 | |
| CWIP | 0 | 0 | 0 | 2 | 10 | 1 | 3 | 15 | 26 | 24 | 39 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 39 | 39 | 41 | 62 | 110 | 110 | 172 | 176 | 322 | 483 | 620 | |
| Total Assets | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 445 | 646 | 810 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -6 | -0 | -0 | 3 | 10 | 2 | -3 | 34 | 57 | 23 | |
| -7 | -0 | 0 | -4 | -6 | -2 | -19 | -33 | -69 | -61 | |
| 13 | 2 | -0 | 0 | -3 | -1 | 23 | -0 | 12 | 40 | |
| Net Cash Flow | 0 | 2 | -0 | -0 | 1 | -1 | 0 | -0 | 0 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,233 | 90 | 71 | 84 | 123 | 74 | 136 | 84 | 94 | 116 |
| Inventory Days | 1,480 | 101 | 59 | 69 | 114 | 148 | 178 | 162 | 106 | 73 |
| Days Payable | 1,379 | 59 | 45 | 59 | 122 | 93 | 98 | 132 | 129 | 103 |
| Cash Conversion Cycle | 1,334 | 132 | 85 | 94 | 116 | 129 | 215 | 114 | 70 | 86 |
| Working Capital Days | 1,474 | 129 | 96 | 119 | 39 | 58 | 84 | 48 | 21 | 35 |
| ROCE % | 15% | 16% | 16% | 16% | 13% | 18% | 29% | 26% |
Documents
Announcements
-
Updates
7 November 2025 - Revised H1 FY26 results: EPS corrected to 14.92 from 12.66; revenue ₹69,154.49 lakh; approved 07-Nov-2025.
-
Investor Presentation
7 November 2025 - H1 FY26: Revenue ₹6,915mn (+100% YoY); EBITDA ₹783mn (+128%); PAT ₹364mn (+221%).
-
Outcome of Board Meeting
7 November 2025 - Board approved unaudited H1FY26 results: revenue ₹69,232.67 lakh; PAT ₹1,237.47 lakh; capex plan ₹800 million.
-
Analysts/Institutional Investor Meet/Con. Call Updates
6 November 2025 - Analyst/Investor meetings on Nov 11-12, 2025 in Mumbai, organized by Emkay; no UPSI to be shared.
-
Updates
29 October 2025 - Company replies to NSE price-movement query, says movement market-driven, all disclosures made, no pending compliance (29.10.2025).
Business Overview:[1]
Company manufactures various types of wires & cables in Single & Multi-core with Copper /Aluminium Conductors and possess properties of FR, HRFR, FRLS, HFFR etc.